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EURNZD Possible AB=CD: Reversed From .5 Fib, Two Bear Flags
Euro / New Zealand Dollar
Short
EURNZD Possible AB=CD: Reversed From .5 Fib, Two Bear Flags
By AidanMDang
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Updated
Jul 11, 2019
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Cheer
1
1
Jul 11, 2019
EURNZD has reversed after retracing 50% of the most recent bearish impulse leg.
We also have a large bear flag that has been broken, and a small bear flag that has been broken as well.
Take profits are as follows:
TP 1: Most recent support
TP 2: 1.272 Extension of AB impulse leg
TP 3: 1.414 Extension of AB impulse leg & AB=CD pattern completion point
Jul 11, 2019
Comment
Head and Shoulders with Broken Neckline
Jul 11, 2019
Comment
Possible Movement
Jul 11, 2019
Trade active
AB=CD
EUR
EURNZD
Fibonacci
Flag
NZD
AidanMDang
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